Trivest Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Trivest Partners has acquired 7 companies. It has also invested in 2 others.

Trivest Partners’ most common sectors for investment are business services (12%) and consumer products (12%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (42%) and recapitalization (42%). In total, Trivest Partners has invested in 22 US states and 2 different countries.

In the last 3 years, Trivest Partners has exited 5 companies. The Firm’s most common exit type is secondary buyout (46%). Trivest Partners’ largest (disclosed) exit occurred in 2016 when it sold American Covers for $340M.

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M&A Summary

  • M&A Total Activity77
    • M&A Buy Activity53
    • M&A Sell Activity24
  • Total Sectors Invested 27
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 17
  • M&A Advisors 8

Trivest Partners

550 South Dixie Highway, Suite 300,
Coral Gables, Florida 33146
United States
(305) 858-2200
www.trivest.com
info@trivest.com

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Building Materials, Business Services, Communications, Consumer Products, Consumer Services, Distribution, Electronics, Engineering, Environmental, Financial Services, Food, Franchising, Healthcare Services, Information Technology, Machinery, Manufacturing, Packaging, Plastics, Safety/Security

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Growth Capital, Recapitalization

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 20 -
Target EBITDA 4 -
Investment Size - -
Enterprise Value 20 250
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (3.2/yr) # 37 4 5 5 1 1 53
Sell (1.8/yr) # 15 4 1 3 1 - 24
vol $206M $340M $120M $666M
  77

Most Recent M&A

Company Date Value Type
Technology Concepts & Design, Inc. (TCDI) 2020-02-25 - Growth Capital
Greensboro, North Carolina · www.tcdi.com
Quatrro Business Support Services 2019-10-07 - Secondary Buyout
Marietta, Georgia · www.quatrrobss.com
Enviro Water Solutions LLC 2019-01-07 120M USD Add-on Acquisition
DeLand, Florida · www.pelicanwater.com
GAL Power Systems 2018-08-27 - Buyout (LBO, MBO, MBI)
Ottawa, Ontario · www.galpower.com
National Auto Care Corp. 2018-07-30 - Secondary Buyout
Westerville, Ohio · www.nationalautocare.com
Barcelona Sports, Inc. 2018-04-06 - Recapitalization
Houston, Texas · www.barcelonasports.com
Athletic Supply, Inc. 2018-04-06 - Recapitalization
Odessa, Texas · www.athleticsupplytx.com
Advanced Discovery Services LLC 2018-03-21 - Secondary Buyout
Los Angeles, California · www.advanceddiscovery.com
Oil Changer, Inc. 2018-02-27 - Recapitalization
Pleasanton, California · www.oilchangerinc.com
Oil Changers, Inc. 2018-02-27 - Buyout (LBO, MBO, MBI)
Pleasanton, California · www.oilchangerinc.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Athletic Supply, Inc. 2018-04-06 Universal Athletic Services, Inc. 2020-05-18 4
Odessa, Texas · www.athleticsupplytx.com Bozeman, Montana · www.universalathletic.com
Quatrro Business Support Services 2019-10-07 Vanderloo Financial Services 2020-02-13 1
Marietta, Georgia · www.quatrrobss.com Chicago, Illinois · www.vanderloofinancialservices.com
PeopleShare, Inc. 2015-09-03 Best Practices Staffing, Inc. 2019-09-05 2
Philadelphia, Pennsylvania · www.peopleshareworks.com Burbank, Illinois · www.bpstaffing.com
PeopleShare, Inc. 2015-09-03 Reliance Staffing 2019-04-09 1
Philadelphia, Pennsylvania · www.peopleshareworks.com Virginia Beach, Virginia · www.reliancestaffing.com
BJ Beltram, Inc. 2017-06-01 JES Restaurant Equipment, Inc. 2019-01-30 4
, United States Greenwood, South Carolina · www.jesrestaurantequipment.com
Oil Changers, Inc. 2018-02-27 Royal Car Care, Inc. 2018-11-28 1
Pleasanton, California · www.oilchangerinc.com Hanford, California · www.royalcarcare.com
Athletic Supply, Inc. 2018-04-06 Team Sports, Inc. 2018-09-28 3
Odessa, Texas · www.athleticsupplytx.com Toledo, Ohio · www.teamsportsinc.us
Athletic Supply, Inc. 2018-04-06 Cardinal’s Sports Center 2018-09-28 2
Odessa, Texas · www.athleticsupplytx.com Lubbock, Texas · www.mycardinalssports.com
Athletic Supply, Inc. 2018-04-06 Williams’ Sporting Goods 2018-09-28 1
Odessa, Texas · www.athleticsupplytx.com Paris, Texas · www.teamwsg.com
Dauenhauer Plumbing 2016-08-29 Fayette Heating & Air 2018-06-01 2
Louisville, Kentucky · www.dauenhauerplumbing.com Lexington, Kentucky · www.fayetteheating.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services 5 (21%) - 6 (11%) -
Consumer Products 3 (13%) - 6 (11%) -
Healthcare Services 2 (8%) - 4 (8%) -
Information Technology 3 (13%) - 4 (8%) -
Manufacturing - - 4 (8%) -
Automotive 1 (4%) - 2 (4%) -
Consumer Services - - 2 (4%) -
Distribution 2 (8%) - 2 (4%) -
Food 1 (4%) - 2 (4%) -
Franchising - - 2 (4%) -
Machinery 2 (8%) - 2 (4%) -
Safety/Security - - 2 (4%) -
Aerospace 1 (4%) - 1 (2%) -
Apparel/Textiles - - 1 (2%) -
Communications - - 1 (2%) -
Electrical Equipment - - 1 (2%) -
Electronics - - 1 (2%) -
Engineering - - 1 (2%) -
Environmental - - 1 (2%) -
Financial Services 1 (4%) - 1 (2%) -
Metals/Mining 1 (4%) - 1 (2%) -
Packaging - - 1 (2%) -
Plastics - - 1 (2%) -
Software - - 1 (2%) -
Staffing 1 (4%) - 1 (2%) -
Technology Hardware - - 1 (2%) -
Utilities 1 (4%) - 1 (2%) -
Total 24 - 53 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 23 (96%) - 48 (91%) -
  Florida 4 (17%) - 9 (17%) -
  California 2 (8%) - 4 (8%) -
  Georgia 1 (4%) - 4 (8%) -
  Texas 3 (13%) - 3 (6%) -
  Illinois 2 (8%) - 3 (6%) -
  North Carolina 1 (4%) - 3 (6%) -
  New York 2 (8%) - 2 (4%) -
  Wisconsin 1 (4%) - 2 (4%) -
  Utah 1 (4%) - 2 (4%) -
  Tennessee 1 (4%) - 2 (4%) -
  Pennsylvania 1 (4%) - 2 (4%) -
  Ohio - - 2 (4%) -
  Mississippi 1 (4%) - 1 (2%) -
  Kentucky 1 (4%) - 1 (2%) -
  Iowa 1 (4%) - 1 (2%) -
  South Carolina - - 1 (2%) -
  New Jersey - - 1 (2%) -
  Minnesota - - 1 (2%) -
  Louisiana - - 1 (2%) -
  Indiana - - 1 (2%) -
  Connecticut - - 1 (2%) -
Canada 1 (4%) - 5 (9%) -
  Ontario 1 (4%) - 5 (9%) -
Domestic 23 (96%) - 48 (91%) -
Cross-border 1 (4%) - 5 (9%) -
Total 24 - 53 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 4 (17%) - 22 (42%) -
Recapitalization 12 (50%) - 22 (42%) -
Growth Capital 6 (25%) - 6 (11%) -
Consolidation 1 (4%) - 1 (2%) -
Secondary Buyout 1 (4%) - 1 (2%) -
Stake Purchase - - 1 (2%) -
Total 24 - 53 -

Exits by Deal Type

Type Total # Value
Secondary Sale 11 (46%) 100M (15%)
Trade Sale - Public Company 7 (29%) 566M (85%)
Trade Sale 3 (13%) -
IPO 1 (4%) -
Merger 1 (4%) -
Shut Down 1 (4%) -
Total 24 $666M

Top M&A Advisors

Financial Deals
Houlihan Lokey
1
Oppenheimer & Co.
1
Grace Matthews, Inc.
1
Legal Deals
Blake, Cassels & Graydon LLP
2
Greenberg Traurig LLP
1
Pepper Hamilton LLP
1

Deal Values

sell # Total
$100M to $1B 3 $566M
< $100M 1 $100M
TOTAL $666M
Largest American Covers, Inc. (dba Handstands)
$340M (2016-05-24)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
1 100%
Exited to
PE Firm(s)
54%
13 54%
Strategic(s)
46%
11 46%

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